Featured Domains

Wix adds 231K paid subscribers, 5.9M registered users in Q1

Site builder now has 3.4 million customers who can use a domain name with their Wix site.

Wix (NASDAQ:WIX) released earnings for the first quarter of 2018 yesterday.

The website builder company reported $137.8 million in revenue for Q1 2018, up 49% YoY. It also generated $21.4 million in free cash flow for the quarter.

The company added 5.9 million registered users during the quarter and added 231,000 net premium (i.e. paying) subscribers.

That brings its total premium base to 3.4 million.

Aside from representing Wix’s paid customer base, premium subscription numbers are important because Wix requires a premium plan in order to connect a domain name to a website. Its most basic $5/month package allows customers to connect to a domain and its $11-and-up packages include a free domain when paid annually.

Revenue from domain name registrations has historically accounted for 7% of Wix’s revenue. This equates to nearly $10 million in domain registration revenue in Q1.

The company is a reseller and does not use its own accreditations for domain registrations.